Registration GST Electrical items shop
This query is : Resolved
30 August 2021
Sir,
Please guide me if person want to open a business i.e open a shop for Electrical items and his investment amount is Rs. 2,50,000/- .
whether his is applicable for GST Registration or did not required.
Thanks & Regards.
Please guide me if person want to open a business i.e open a shop for Electrical items and his investment amount is Rs. 2,50,000/- .
whether his is applicable for GST Registration or did not required.
Thanks & Regards.
30 August 2021
GST registration is required only when the turnover exceeds the limit as prescribed. Rs.40 lacs in case of goods (exclusively) other than special category states.
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30 August 2021
It is not depend on investment, it depend on sales. If you make sale in a financial year up to 40 lakh you do not need to take registration in GST. After crossing the threshold limit of 40 lakh you need to take registration under GST.
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